Dow Jones Industrial reached new high today. The volume is decent, so we may see some follow-through next week.
Tag Archives: Indu
Going sideway for a while?
Dow Jones Industrial looks like going sideway amid earning announcements and change of feds’ chairman.
Overhead resistence
INDU has to break this SMA 50 to be on the bull side. Bears will be shorting at the resistence level around 10,900 and 11,000.
Dow Jones Industral above 11,000
Looking at this five-year chart of INDU, we can see we have again approached and crossed the 11,000 line. With the base built over last two years after 2003 all year long steady climbing up, we may enter a new uptrend from here. We need to see some follow-through after breaking 11,000 with decent volume.
Russell 2000 and Dow Jones Average
IShare Russell 2000 ETF (IWM) shows a pullback into the support area. Let’s see if this uptrend line holds.
DOW Jones Average seems to be testing the support area.